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Search Results 0 to 49 of about 76 (some duplicates have been removed)
and political breakthrough? then if president obama and john boehner can rise above and get a deal done for the fiscal cliff, there is a lot of money that could be made in stocks. and why shouldn't top military and business leaders maintain an honorable code of conduct? isn't it better to have a moral center? general david petraeus is a great man. but he made, unfortunately, a great mistake. first up, are we on the verge for american oil revolution? according to the international energy agency, the u.s. will overtake saudi arabia as the world's largest oil producer that before the year 2020. but -- don't get your hopes completely up as the epa could block this fantastic market-driven advance. nobody better to talk about it is john hofmeister. john, it is a pleasure to have you here. now, is it credible, first of all the report, we will overtake the saudis? >> report is credible. the iea is smart, good analysts. we have the reserves, no question we have the reserves. in the ground today. number two, we have the technology to get the reserves out of the ground. and number three, we have t
closing loopholes. that is a reputation of what john boehner suggested in the days since the president has been re-elected. >> that's totally right. a key point, the simpson-bowles tax idea is kind of a magic pony, right. everyone agrees in the ab instruct, we can bring down the rates, close loopholes and deductions and raise revenue. if that's such a wonderful idea how come it's only come up now. how come no one has done it. the reason is because it's really, really hard politically. once you get into the specifics. if you're trying to tie all the revenue to this abstract tax reform idea you're going to get into a position where the revenue is about never going to happen because once you get into reality it doesn't materialize. >> you have to do both, john. you have to do -- you have to raise the the rates and close loopholes to get the amount -- >> just raise the rates. >> you can't raise the rates high enough to produce $1.6 trillion. >> you can get $900 billion from expiring the bush tax cuts. >> and where do you get the other $700 billion from from. >> do a little reform and cut the r
, republican speaker of the house john boehner. i felt like that all isolated john mccain a lot. but you know, maybe he stands alone in terms of his influence on foreign policy matters. >> he does. but there's distance emerging between him and where everyone else is. and partly, we should remember this was very -- this was wielded to the election partly because there was this hope and you'd see it all over the conservative blogs. this was the thing that was going to turn around the election and the mainstream media because they wanted to get barack obama elected for ignoring the facts of the matter. because people used it incredibly cynical fashion, there's a little less energy behind the kind of conspiracy mongering except for john mccain ym who is in it until the end. >> but then today, the reason this was an important question today, today the talking points given to susan rice after the benghazi attack, those talking points were published. and if those talking points are what she was given to say, she hued essentially exactly to what she was briefed to say by the intelligence agency. so o
't, toure. some complementary things said from an aide close to speaker boehner saying it was a very productive, positive meeting there with the president at the white house. the most interesting thing, though, from the boehner aide was that john boehner believes there is not enough time from now until the end of the year to actually have a grand bargain. there's enough time, though, to put together the framework for what a grand bargain would look like. essentially have the top lines agreed to that by sometime in 2013 you could have both the chambers, the senate and the house, come together on some substantial tax reform, entitlement reform, and get rid of the sort of automatic cuts that we see as a sequester, and the tax increases and have a mechanism you can replace them with. listen to the congressional leaders in their photo op in the white house before thanksgiving that they had today. >> we've put revenue on the table, as long as it's accompanied by significant spending cuts. >> we have a cornerstones of being able to work something out. we're both going to have to give up som
they already agreed to that. i think you heard john boehner say that already. we've had votes in the senate where we've actually gotten rid of tax credits. i think that's a given. and i think the vast majority of americans agree with that. the question is how do you do that and how do you allow taxes to rise at the same time you fix the real problem? and the real problem is uncontrolled entitlement spending and a government that has grown massively. not just under this administration, under republican administration. >> let me turn to senator schumer on this point. >> so you have to approach both sides of it. >> let me turn to senator schumer. i'm going to ask you the same question. if the mandate is compromised, what do democrats have to be prepared to accept as a painful outcome in order to achieve compromise? >> well, i agree with you, the mandate is compromise. that's why we have a divided house and senate. and i think if the house stands for anything it's cut government spending, as tom coburn said, and i think we're going to have to do more of it. we heard the mandate in 2010, where i
cuts. the sequester has been called off. mr. boehner would like a down payment on entitlements. i don't see that happening. to me remember it used to be 3-1 or 4-1 spending cuts to revenue increases. right now it looks to me like it's 10-1. 10-0. $10 of revenue hikes and no spending cuts, jimmy pethokoukis. >> i think what we're going to get at the end of the day, you're going to get a lot of tax increases, and then you're going to get a lot of promises about caps and mechanisms. be careful of the word "process." there's going to be a process in place for looking at further spending cuts. or entitlement reform. but that's all going to be like tomorrow, the day after tomorrow, the 12th of never. what we're going to get right away are tax increases in an economy that's going to be really slow. it was slow last year, slow before. the economic reports out today, terrible. and we're going to try a little experiment about raising taxes in a lousy economy. hop it works. >> jared, jimmy's got a point. the industrial production number, no matter how you slice it, with the hurricane or without
to tackle the impending fiscal cliff but the president and the speaker of the house john boehner each drawing lines that they say they will not cross. the major hurdles, that threat to send the economy into a tailspin, that's coming up next. >>> plus a nascar race turning into a full-scale brawl. look at this. mayhem breaking out of the everybody going at it. we'll tell you what set it off. after this. ve lately. but because of business people like you, things are beginning to get rolling. and regions is here to help. making it easier with the expertise and service to keep those wheels turning. from business loans to cash management, we want to be your partner moving forward. so switch to regions. and let's get going. together. jenna: well come back, everyone. now let's return to the economy. the president and house speaker john boehner are suggesting they are willing to compromise to prevent our economy from going over that so-called fiscal cliff but both sides are digging in their heels whether or not to race tax rates for the wealthy. rich edson of the fox business network watching
boehner today or not? >> no. this was no olive branch, larry. i was quite disappointed with that speech and press conference. and you noted that the stock market really collapsed as president obama was speaking because he seems not just today but the event that he had on friday, the two statements that he's made, he's been pretty emphatic that he wants those tax rates to go up, come hell or high water. that is going to lead to a mexican standoff with the republicans if he sticks with that position. i'd like to make one other point about that press conference, larry. i listened to the whole 45 minutes to 60-minute press conference, and not once that i could hear in that speech did he talk about the most important thing, which is cutting government spending. why don't we get the government spending down and then talk about raising taxes? >> you know, if you google up spending and obama, you know what you get? nothing. blank pages. you get nothing. >> in fact, larry, he said he wants his $100 billion stimulus, he wants more spending when he's talking -- trying to talk about lowering the de
the president sat between house speaker john boehner and senate majority leader harry reid calling for cooperation and compromise. >> we've got to make sure that taxes don't go up on middle-class families, that our economy remains strong, that we're creating jobs, and that's an agenda that democrats and republicans and independents, people all across the country, share. so, our challenge is to make sure that, you know, we are able to cooperate together, work together. >> joining me now for more, congressional reporter for "the washington post" ed o'keefe and national journal correspondent nancy cook. good morning both of you. last time we saw those three together, sort of a kumbayah moment when you have reid and boehner and mcconnell together. did you get a sense, ed, putting revenue on the table meant republicans were open to tax hikes for those makes $250,000 or more? >> no, they're not. they still say they don't want to see that increase. by talking about revenues the idea is you close loopholes, find a way to perhaps limit deductions and create revenue that way. but you know, b
cliff that is right in front of us today. >> chris: president obama and speaker boehner sounding up beat friday about prospects for cutting a deal to avoid the fiscal cliff and we're back now with the panel. so, after the president and congressional leaders met at the white house, on friday, the rhetoric was reassuring, the question is, is it real? do you get any sense, bob and this is the subject of your new book, that they really do see, are beginning to see a path to a compromise or are they trying to reassure nervous consumers before the christmas holidays and, investors because the stock market is done a thousand points. >> everyone is nervous about this. this is the last chance and the next six weeks could be six weeks that shook the united states if they don't fix this. there clearly is a new mood but the way they'll solve this, is kind of hostage exchange, in other words, the republicans are determined not to let tax rates go up and the president is determined or is determined to get more revenue and, it is possible to do this and the president is going along, it seems, with it s
to raising taxes on the rich? >> there's no question about it. john boehner was sounding, you know, like there might be some way to compromise on that issue. and i love bill crystal, what he had to say about it. who is somewhat of a leader of the more conservative branch of the republican party. so i'm optimistic. but we don't need all the republicans to go along. we need enough rational republicans and then the democrats can provide the rest of of the votes in we get a fair compromise. but anything less than fair that protects the middle class, the president has said he's not going to sign it. >> cynthia, the "new york times" reported on a conference call john boehner the speaker had and it's very interesting what tone he set and a gop senator. let me give you the quote p the quote from the "times" is that their party lost badly, mr. boehner said, they had to avoid the nasty showdowns that marked much of the last two years. members on the call subdued and dark, murmured words of support. that's interesting. and then you had senator bob corker, a key member of the banking committee, went
directly at odds with house speaker john boehner. >> could you accept a deal that does not include tax rate increases for the wealthy? we've seen talk about a possible compromise that could leave rates the same but cap deductions for high-income earners. is that something that's acceptable? >> no. >> not at all no, way? >> no. the preponderance made it very clear in his campaign that there are not enough -- what you just described is a formula and a blueprint for hampering our future. you cannot go forward -- you have to cut some investments. if you cut too many you are hampering growth, you're hampering education, investments for the future. >> and even thousands of miles away it appears president obama is still focused on those negotiations. while touring a royal monastery with secretary of state clinton in thailand the president was overheard mentioning the budget talks to a monk. the president later clarified his comments -- >> he's not any monk. >> no. >> he has some big i vestments in the stock market. >> he later clarified his comments at a news conference. >> yes, we were working on
way to do this and a wrong way and speaker boehner was right that you have to have revenue on the table but that does not mean raising taxes. >> clearly we have the ability between now and the end of the year to not go off the cliff but we can't accept an unfair deal that piles all of this on the middle class and tells them they have to support it. >> now, of course there is room for compromise. raising taxes on the wealthy by closing loopholes instead of the tax rates, that maybe would please republicans on the democratic side maybe. they are saying you kind of are redefine wealth altogether so that maybe tack rates for those making half a million or a million dollars a year go up. we'll see how this goes, as you said, congress will be back tomorrow and there will be a big meeting at the white house on friday with the president. >> and what about the gang of eight, the four republicans and four democrats who have decided to get back to the hard negotiating? what can we make of them returning to the effort? >> you know what, they are all trying hard. they are going to have
that in place we are removing half of the fiscal cliff. >> speaker john boehner offered what he considers a balanced approach generating the revenue from tax reform and entitlement reform. late today, boehner said the president's position is flawed. >> we are not going to hurt our economy an make job creation more difficult. which is exactly what that plan would do. >> letter sent by the u.s. chamber of commerce and signed by 232 organizations calls on the president and congress to immediately extend all the tax cuts and find other cuts to replace sequestration. the president suggested taking a closer look at reforming entitlements without offing details and says he would like to simplify the tax code. mr. obama says he wants congress to act now to extend tax cut for middle class and try to avoid boxing himself in on upcoming negotiation. >> i'm open to come plo mize and new ideas. i have been encouraged for republicans to agree to more revenue as part of the arithmetic if we are serious to reduce deficit. >> the top republican in senate who is a key player in upcoming talks says raising
boehner appears, they say are you willing to accept higher rates. no one says what are you going to do about entitlements or anything, there's no question of the president whether he will compromise and what that would look like. >> paul: steve, what do you think the republicans ought to do here? is there a way out for them or are they going to be pushed back into a corner where they have no choice, but to concede that they have to raise tax rates or else go over the cliff and get blamed for that? >> well, it's a tough situation for them. there's no question about it because as you know, the default position, if we don't do anything is for the taxes to go up on everybody on january 1st, and that's something i think both sides want to avoid. it's very interesting, the thing that happened this week to start the week, was who was the first person that barack obama met with in the white house since his election, the labor unions, the labor block, that tells a lot who is driving policy at least at the start of the second term? and the labor unions basically said we want no compromise on thi
isn't serious. it's a joke. a joke. >> house speaker john boehner has been far milder in this rhetoric. according to politico, some house republicans might consider a tax hike on millionaires. many republican lawmakers privately concede that the 2012 election left them far short of a mandate on taxes. and if urged by democrats to raise rates on the megawealthy, they will have a tough time resisting. for the record, president obama's position sounds much more in line with senator sanders' way of thinking. >> there are some tough things that have to be done, but there's a way of doing this that does not hurt middle class families, that does not hurt our seniors, doesn't hurt families with disabled kids. >> let's bring in ruth conif, political editor for the progressive magazine. also with us tonight, e.j. dionne, msnbc contributor, "washington post" columnist and author of the book "our divided political heart." great to have both of you with us tonight. ruth, you first. you know, this could set up to be a moment of real disappointment for liberals if the democrats can't close the deal.
in front of us today. >> president obama and speaker boehner sounding upbeat friday about prospects for cutting a deal to avoid the fiscal cliff. we are back with the panel. after the congressional leaders and the president met at the white house on friday the rhetoric was reassuring. the question is is it real? do you get the sense, bob, that really do see or are beginning to see a path to a compromise are they they just trying to calm nervous investors because the stock market is going down a thousand points? >> everyone is nervous about this. this is kind of the last chance. the next six weeks could be six weeks that shook the united states if they don't fix this. there clearly is a new mood, but the way they are going to solve this is kind of hostage exchange. in other words, the republicans are determined not to let tax rates go up. the president is determined or is determined to get more revenue. and it's possible to do this. the president is going along, it seems, with some idea of entitlement reform that we are going to actually cut spending. but this is, you know, they are
would be willing to accept and double the amount that speaker boehner had offered the president during their debt negotiations last year. today the president is scheduled to meet with ceos from a dozen companies. there's some of them on your screen. general electric, ford, ibm all playing a part. they'll discuss ways to work together and try to find a balanced approach to reducing the deficit. during a closed-door meeting yesterday with union leaders and liberal supporters, president obama reportedly vowed that he would, quote, not budge when it comes to letting the bush tax cuts expire for the country's highest earners. labor leader and president of the afl-cio, richard trumka, was among those at the white house meeting. he said he and the president are on the same page. >> we're very, very committed to making sure that the middle class and workers don't end up paying the tab for a party that we didn't get to go to. the president led with that notion of protecting the middle class, and now you have republicans that have it in their power, they could sign a bill tomorrow that protects
boehner used a post-election conference call with rank-and-file republicans to plead for patience, to give him running room to negotiate with the president who did just win reelection. mandate or not. >> let's discuss what's going on in our "strategy session." joining us are donna brazile and alex castellanos. that bill crystal comment, go ahead, raise the taxes on the wealthy, maybe more than $250,000, maybe $1 million a year. he says, what's wrong with that? half of them voted for obama anyhow in hollywood, he makes that point. >> i think the big thing is republicans want to plant as much seed corn into the economy so it will grow. but here's how the republicans in the house are looking at this thing. i've talked with a few of them this week. this is not about a deal to raise taxes. we already have a deal to raise taxes. when these tax cuts expire, taxes will go up for everybody. what we're talking about is a deal to get some of the money back. >> but no one wants the taxes to go up for the middle tax, for people making less than $250,000 a year. everyone agrees they should have the curr
connell, who's the senate minority leader, he's taking a tougher stand than even boehner. let's listen to both of those positions. >> let's be clear. an opening bid of $1.6 trillion in new taxes just isn't serious. it's more than simpson/bowles or any other bipartisan commission has called for. it's been unanimously rejected in the house and senate. it's twice as much as the white house agreed to last summer during the debt ceiling talks, and looked at in the context of the spending cuts yet to be implemented, it amounts to about 20 cents in cuts for every new dollar in tax hikes. in other words, no cuts at all. it's a joke. a joke. >> we right away say 98% of americans are not going to see their taxes go up. 97% of small businesses are not going to see their taxes go up. if we get that in place, we are actually removing half of the fiscal cliff. half of the danger to our economy is removed by that single step. >> okay. so is it a joke, or as the democrats would say, the math isn't adding up? let's look at the issue of deficit reduction. the democrats say the -- let's say if you cut loopholes
the house speaker john boehner, the president, you can see him sitting there. let's listen to the president. thank them for their time and i think we're all aware that we have some urgent business to do. we have to make sure that taxes don't go up on middle class families and that our economy remains strong and creating jobs and that's an agenda that democrats and republicans and independents, people all across the country share. our challenge is to make sure that we are able to cooperate together, work together, find some common ground, make some tough compromises and build some consensus to do the people's business and what folks are looking for and i think all of us agree on this is they want to see that we are focused on them and not focused on our politics. my hope is this is a fruitful process where we will come to agreement that will reduce our deficit in a balanced way. i want to thank the leadership for coming and with that wool get to work. thank you very much, everybody. wait, wait, excuse me, there is actually one other point that i wanted to make. that is that my understanding
. only 29% would blame the president of the united states. house speaker john boehner has less support each day for a hard line approach. republican opposition to tax increases is slipping in congress. anti-tax lobbyist grover norquist no longer as a majority of supporters in either chamber. "the hill" says newly elected republicans refuse to sign the anti-tax pledge during the campaigns and another handful of returning republicans have disavowed their alliance to the written commitment. it's about time. at least they paid attention to the election. today bobby jindal scolded the entire party for the approach to the economy. hold it right there. this comment, he sewer sounds like a democrat. we've got to make sure that weren't the party of big business, big banks, big wall street bailouts, big corporate loopho loophole, big anything. we cannot be, we must not be the party that simply protects the rich so they get to keep their toys. bobby, come on over to the good side, dude. you're talking like a conservative democrat. momentum is on the president's side. he just needs to know how mot
it needs to be. folks are going to hold the line and i will tell you why. look at how scripted john boehner had to be when he said revenue. where democrats fell out of their chairs. he had to do it with a t ee teleprompter. >> god bless him. raising tax rates is not the answer to this. >> but you know what, look. i know karen, other democrats believe they got this great mandate. but house republicans believe they got a mandate to put a check and balance on senate democrats as well as the president. so we are going to have to have a compromise for a change. >> we have a mandate and for president obama you would hope that he would start thinking now about what is his legacy and does he want to leave office with a terrible economy. i don't think in year eight he is going to be able to blame george bush. he ought to start thinking about economic growth. this is probably the least harmful way. > exit polls show that that george w. bush hurt romney tremendously. >> the polls are the polls. but the point i'm making in the second term, it is president obama's don mi aeconomy and def. he is going to
.6 trillion of new revenue. boehner had agreed to $800 billion. it's not hard to find $1.2 trillion as a kind of middle ground to that. then you want to have $4 trillion of total deficit reduction, so that leaves $2.8 trillion of spending reductions that have to happen. here's what people miss. we can avoid going over the cliff with the stroke of a pen. they can just extend all this stuff and kick the can down the road. the real question is are we going to have a big deal? are we going to agree on the major spending restraints that we need as well as the tax stuff in order to actually get the deficit under control? and i think the betting on that is less than 50%. i think we have a great shot at it. but it's going to be really, really hard. >> is that the view from wall street, too? they're not totally confident that this is going to happen? >> what you see in the stock market at the moment is that wall street is not totally confident. that's for sure. >> all right. steve, thanks so much. >> pleasure. >>> coming up, independent senator-elect of maine, angus king joins the conversation. he's a
party should take president obama up on his offer. you have speaker boehner saying, let's get compromise. this is the time to bring that debt down. we seriously have to do it. i don't think anyone disputes that, but it has to be a mix of spending cuts and the revenue. and the one figure that i'd like to add here is how much revenue we get by just going back to the clinton levels at $250,000 and above. that's $700 billion in tenures. that's what draws people to that number when you add that in and then close some loopholes and subsidies and do the budget cuts, we have already done a trillion. you can get to the $4 trillion that most economists say would at least lead us to the path to reduce debt over ten years. >> because it is so much money and because it would be so relatively painless for people who have income above $250,000 to see that change go back, because bill crystal is saying this now, because the president is clear that's what he's running on, it feels that's clear that's within the realm of the possible. but what else didn't previously peel like it was in the realm of possib
Search Results 0 to 49 of about 76 (some duplicates have been removed)